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10/5/2012 11:00:00 AM Write a Letter to the Editor Write a letter to the Editor

U.S. Firms Eye More Natural Gas Exports, Journal Reports

With natural gas use increasing as a transportation fuel, energy companies are moving to export more of the fuel from the United States as they search for more profitable markets, the Wall Street Journal reported Friday.

A consortium of firms, including oil giants Exxon Mobil Corp. and ConocoPhillips Co., are moving forward with a project to build an Alaskan natural-gas pipeline to export liquefied natural gas to Asia at a potential cost of more than $65 billion, the Journal said in a front-page story.

See related story: ATA to host Natural Gas Trucking Summit in November.

The project is the latest sign of the transformation of the U.S. from a heavy energy importer into a major producer and likely exporter, the paper reported.

The export project would compete with more than a dozen proposed U.S. plants that hope to get federal approval to export LNG, notably to Asia where natural gas sells for several times the U.S. price, the Journal said.

By Transport Topics

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